Management Trainee - Reinsurance
- Genpact India
- 0 Yrs
- Jaipur
- 3 years ago
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Job Description
*With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world s biggest brands and we have fun doing it. Now, we re calling all you rule-breakers and risk-takers who see the world differently, and are bold enough to reinvent it. Come, transform with us.
We are inviting applications for the role of MT, ReinsuranceIn this role you will be responsible for collaborating with appropriate reinsurance resources (i.e., Underwriting, Reinsurance, Accounting, Operations, IT, etc.) to report and provide resolution to issues preventing the accurate and timely completion of facultative reinsurance premium booking transactions
Responsibilities:- Understand all reinsurance processes and be able to research and process daily assumed/Ceded reinsurance new business as well as renewal transactions
- Balance the placement of new and renewal reinsurance treaties. At strategic level, understand how each reinsurance program supports the activities for instance by enabling premium growth, owning the premium, surplus ratio, or reducing exposure to catastrophic loss
- Providing Facultative support and services to clients from UK, US and APAC region.
- Adherence to underwriting rules and guidelines and developing good customer relationships through providing outstanding service.
- Meet regularly with business unit leaders and with Head of Reinsurance to discuss strategic value of reinsurance placements and make recommendations to leadership on the placement of new reinsurance treaties
- Maintain work tracking system to provide up to date and accurate metrics on facultative reinsurance submission premium booking activity
- Exception handling of complex facultative reinsurance agreements that require processing outside the standard reinsurance workflow.
Minimum Qualification
- Any graduate except technical
- Meaningful experience in Reinsurance & Underwriting will be an advantage
- Required P&C Reinsurance experience in Facultative business and good understanding of Reinsurance Slips & Certificate
- Knowledge of Endorsement processing and Premium calculation and exposure to UK & US Reinsurance markets
- Preferred Certification in Insurance & Reinsurance e.g. LM1, LM2, IIA & ARE
- Proficient in MS office and Excel
- Good in Analytical Ability and Decision-making
- Excellent interpersonal skills
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.
,Employement Category:
Employement Type: InternshipIndustry: IT - Software
Role Category: Finance / Accounts / Tax
Functional Area: Not Applicable
Role/Responsibilies: Management Trainee - Reinsurance
Contact Details:
Company: Genpact IndiaLocation(s): Jaipur
Genpact India
Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...
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